Minnesota Session Laws - 2001, Regular Session

                            CHAPTER 141-S.F.No. 2033 
                  An act relating to insurance; modifying minimum 
                  education requirements for insurance agents; amending 
                  Minnesota Statutes 2000, section 60K.19, subdivision 8.
        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
           Section 1.  Minnesota Statutes 2000, section 60K.19, 
        subdivision 8, is amended to read: 
           Subd. 8.  [MINIMUM EDUCATION REQUIREMENT.] Each person 
        subject to this section shall complete a minimum of 30 credit 
        hours of courses accredited by the commissioner during each 
        24-month licensing period.  Any person whose initial licensing 
        period extends more than six months shall complete 15 hours of 
        courses accredited by the commissioner during the initial 
        license period.  Any person teaching or lecturing at an 
        accredited course qualifies for 1-1/2 three times the number of 
        credit hours that would be granted to a person completing the 
        accredited course.  No more than 15 one-half of the credit hours 
        per licensing period required under this section may be credited 
        to a person for courses attending any combination of courses 
        either:  (1) sponsored by, offered by, or affiliated with an 
        insurance company or its agents; or (2) offered using new 
        delivery technology, including computer, interactive technology, 
        and the Internet.  Courses sponsored by, offered by, or 
        affiliated with an insurance company or agent may restrict its 
        students to agents of the company or agency. 
           Presented to the governor May 17, 2001 
           Signed by the governor May 21, 2001, 10:43 a.m.